Economy Problems created by Government lockdown imposition: Supreme Court

Vastavam web: The Supreme Court on Wednesday (August 26, 2020) said that the problem in the country’s economy was created due to the government’s decision to impose the strict lockdown to curb the spread of coronavirus and that it is more concerned about the plight of the common man. During a hearing in a case pertaining to the loan moratorium announced by the RBI, the Supreme Court bench, comprising Justices Ashok Bhushan and MR Shah, asked the Centre to clear its stand on the charging of additional interest by banks during the moratorium period and asked why it had not yet filed an affidavit in the matter.

The Supreme Court bench also asked Solicitor General Tushar Mehta, appearing on behalf of the Centre, to give a timeline as to when the government will file the affidavit in the loan moratorium case. Mehta then sought a one-week extension to file the affidavit. Expressing concern about the current economic situation, Justice MR Shah even told Mehta that this is not the time for the Centre to think about “business”. “The problem has been created by your (Centre’s) lockdown. This is also not the time to consider business. The plight of people has to be considered,’’ the Supreme Court bench observed.